Robert Paul Hureau Buys 460 Shares of Alamo Group (NYSE:ALG) Stock

Alamo Group, Inc. (NYSE:ALG) CEO Robert Paul Hureau bought 460 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of $164.40 per share, with a total value of $75,624.00. Following the completion of the transaction, the chief executive officer owned 12,506 shares of the company’s stock, valued at $2,055,986.40. This represents a 3.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Alamo Group Trading Down 3.4%

Shares of ALG stock opened at $169.93 on Friday. The stock has a 50-day simple moving average of $194.87 and a 200 day simple moving average of $186.99. The stock has a market capitalization of $2.06 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.09 and a beta of 1.11. Alamo Group, Inc. has a fifty-two week low of $156.29 and a fifty-two week high of $233.29. The company has a quick ratio of 2.82, a current ratio of 4.57 and a debt-to-equity ratio of 0.17.

Alamo Group (NYSE:ALG) last issued its earnings results on Monday, March 2nd. The industrial products company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.36). Alamo Group had a return on equity of 10.04% and a net margin of 6.47%.The firm had revenue of $373.65 million for the quarter, compared to analysts’ expectations of $405.18 million. On average, sell-side analysts expect that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 16th were given a $0.34 dividend. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Alamo Group’s dividend payout ratio is 15.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. Zacks Research cut Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. DA Davidson reissued a “neutral” rating and issued a $190.00 price target on shares of Alamo Group in a research report on Monday. Finally, CJS Securities raised shares of Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alamo Group has an average rating of “Hold” and a consensus price target of $225.00.

Hedge Funds Weigh In On Alamo Group

Institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP bought a new position in Alamo Group in the 2nd quarter valued at $51,427,000. Vaughan Nelson Investment Management L.P. purchased a new position in Alamo Group during the 4th quarter valued at about $39,213,000. Goldman Sachs Group Inc. increased its stake in Alamo Group by 239.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 157,291 shares of the industrial products company’s stock valued at $26,404,000 after buying an additional 110,941 shares during the period. American Century Companies Inc. lifted its position in shares of Alamo Group by 201.6% during the 2nd quarter. American Century Companies Inc. now owns 153,720 shares of the industrial products company’s stock valued at $33,569,000 after acquiring an additional 102,751 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in Alamo Group by 92.5% during the third quarter. Tributary Capital Management LLC now owns 203,742 shares of the industrial products company’s stock worth $38,895,000 after purchasing an additional 97,898 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Company Profile

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.